Cement News tagged under: international
MPA responds to chancellor’s speech, UK29 June 2012, Published under Cement NewsIn an open letter MPA’s Chief Executive has responded to the speech by the Chancellor, George Osborne MP last week, in which the Chancellor highlighted measures taken to boost business in the UK, by welcoming recent measures taken in the last Budget, but emphasising the onerous cumulative tax and cost burden which faces the industry, and encouraging Government to shift current spend into here and now capital projects particularly in construction, energy, water and transport infrastructure. ... |
Chettinad Cements plans Karikkali plant expansion, India28 June 2012, Published under Cement NewsIndia-based Chettinad Cement is considering the expansion of its Karikkali cement plant in Tamil Nadu from 4.5Mta to 7Mta. According to reports in the Times of India, Chettinad is also planning to increase capacity of its captive power plant from 48MW to 78MW. The company received the Terms of Reference (ToR) from the union environment ministry in March this year and a public hearing for the project was called by the Tamil Nadu Pollution Control Board (TNPCB) also in March. Chettin... |
Nepal proposes cement tax28 June 2012, Published under Cement NewsNepal’s Ministry of Energy has proposed that the country’s Finance Ministry include an additional tax of NPR1 on every bag of cement sold on the market which would then be specifically used for rural electrification projects. Speaking to the Himalayan Times, Hariram Koirala, Secretary, Ministry of Energy, said: "We have proposed to the Finance Ministry and are hopeful that this will be included in the coming budget." The energy ministry earlier sent a letter to the Finance Ministry see... |
Andhra Pradesh government clears 13 cement project proposals28 June 2012, Published under Cement NewsThe government of Andhra Pradesh, India, has approved 25 industrial projects proposals including 13 cement plants. The Andhra Pradesh Chief Minister, N Kiran Kumar Reddy, who chaired the State Investment Promotion Board meeting at the Secretariat, approved these proposals. |
PT Semen Gresik plans Myanmar plant, considers Vietnam investment27 June 2012, Published under Cement NewsIndonesian state producer, PT Semen Gresik, is planning to build a cement plant in Myanmar and is also looking to acquire a Vietnamese company, according to chief executive Dwi Soetjipto. "We're studying a plan to set up a JV in Myanmar, with Gresik as the majority owner. The plant capacity may be between 1.5-2Mta," Dwi Soetjipto told reporters after a shareholders' meeting. Mr Soetjipto also noted that while Vietnam is currently experiencing overcapacity, Gresik is currently looking a... |
PPC Bostwana wins excellence award27 June 2012, Published under Cement NewsPPC Botswana has scooped the prestigious PMR Diamond Arrow Award with an overall rating of 4.18 out of 5.00, the highest in the Business sector - Cement and Concrete Suppliers in Botswana. The awards are based on research conducted by PMR.africa, and the purpose is to enhance and recognise excellence in the industry. The respondents of the survey comprised of CEOs, MDs, business owners, company directors and managers, senior government officials in Botswana. Companies and institutions wer... |
Udayapur Cement Industry halts production, Nepal27 June 2012, Published under Cement NewsNepal's largest cement factory Udayapur Cement Industry, has stopped production for past three days due to a lack of coal as well as experiencing other difficulties. Nepal News reported that the company has been hampered by a series of problems involving machinery being out of order and shortages of coal or raw materials. Therefore, it has been forced to halt production frequently. Furthermore, an Indian coal dealer that supplies coal to the industry has halted supplies, claimin... |
Construction of new plant to begin in 2H12, Mozambique27 June 2012, Published under Cement NewsConstruction of a new cement plant in Mozambique’s Tete province is expected to begin in the second half of this year, according to the country’s national director for industry, Sidonio dos Santos. Mr Santos told local daily newspaper Noticias, that the factory would have a cement capacity of 500,000tpa and would be known as ‘Biworld International’. The plant is to be built in the Changara district and Mr Santos noted that its construction depended on another factory built by the same gro... |
Aditya Birla eyes stake in Jaiprakash cement business26 June 2012, Published under Cement NewsThe Aditya Birla group is emerging as the frontrunner to acquire a stake in Jaiprakash Associates Ltd's (JAL) cement business, according to local press reports. "We have emerged as the front-runner. There were not too many serious players, except one multinational company," LiveMint quoted a senior Aditya Birla representative as saying. "The idea is to buy out a part of the stake from JP Associates' cements business. The acquisition could be as big as US$1bn." The exercise is aimed at redu... |
Mixed trends for Pakistan cement exports26 June 2012, Published under Cement NewsDuring the first 11 months (July 2011-May 2012) of the current fiscal year, Pakistan exported 7.64Mt of cement and earned US$446.85m compared to 8.44Mt at US$414.773m in the corresponding period of last year. This shows that cement expors fell 9.46 per cent in terms of quantity but rose 7.73 per cent in terms of value on a year-on-year basis, according to data released by Pakistan's Federal Bureau of Statistics. In terms of Pakistan currency, exports rose 12.07 per cent during July-May 20... |